May 11, 2021 | Year 14 | Volume 5 | Issue 4
Hellman & Friedman Takes At Home Private
Publicly traded At Home Group has agreed to be acquired by Hellman & Friedman in an all-cash transaction with an enterprise value of $2.8 billion. At Home (NYSE: HOME) is an operator of home décor superstores with 226 stores in 40 states. The company’s stores – which average 110,000 square feet in size – offer more than 50,000 home products … Read More
Audax Private Debt Banks New $1.8 Billion
Audax Private Debt has closed Audax Mezzanine Fund V LP with just over $1.8 billion in capital commitments. According to Audax, the new fund was significantly oversubscribed and closed above its target of $1.5 billion. Limited partners in Fund V include both returning and new institutional investors in the U.S., Europe, Asia‐Pacific, and the… Read More
CenterOak Rebrands Aakash Chemicals
CenterOak Partners has rebranded its portfolio company Aakash Chemicals & Dye-Stuffs (Aakash) to Vivify Specialty Ingredients. Vivify is a manufacturer and distributor of specialty colorants and other functional ingredients used in the personal care and cosmetics, food and beverage, packaging, plastics, coatings, and seed treatment sectors. Today, Vivify operates… Read More
Spartech Switches Sponsors
The Jordan Company (TJC) has acquired Spartech, a manufacturer of acrylics and extruded plastics, and a portfolio company of Nautic Partners. Spartech’s acrylic products, plastic sheet and rollstock, specialty film laminates, and thermoformed packaging products are used by more than 1,000 North American-based customers in a range of applications in the… Read More
Butterfly’s Latest Buy is Eggscelent
Butterfly Equity has acquired Pete and Gerry’s Organics, a producer of free-range and pasture-raised eggs. Pete and Gerry’s dates to the late 1800’s when it operated as a dairy cattle and hen farm founded by the Ward family. Two generations later, Carol Ward, Gerry Laflamme, and Peter Stanton created the Pete and Gerry’s brand to sell… Read More
Rest of 2021 to See More Deals, Higher Prices
According to the latest report from BDO, private equity and venture capital fund managers are expecting the rest of 2021 to be awash with M&A activity and heavy competition. The just-published Private Capital Pulse Survey from BDO reports that more than 90% of its survey respondents believe asset prices will increase in the next… Read More
Infrastructure-Focused Warren Equity Closes New Fund
Warren Equity Partners has closed its third fund, Warren Equity Partners Fund III LP, with $673 million of capital. The new fund, and its sidecar fund (together Fund III), were oversubscribed, above target, and closed at its hard cap after just two months of fundraising. Limited partners in Fund III include both new and returning investors… Read More
Blue Wolf Sells Mulch and Soil Company to CenterGate
Blue Wolf Capital Partners has sold The Mulch and Soil Company, a provider of lawn and garden products, to CenterGate Capital. The origin of The Mulch and Soil Company begins with Blue Wolf’s acquisition of Suwannee Lumber Company in 2013 and the spin-out of its Suwannee River Mulch division in 2015 as a separate… Read More
AUA Beats Fund II Target
AUA Private Equity Partners has held a final and oversubscribed closing of AUA Private Equity Fund II LP with total capital commitments of $310 million. The new fund beat its initial target of $300 million and its new and existing limited partners include pension funds, foundations, family offices, fund of funds, and high net worth individuals… Read More
New Fund for New State
New State Capital Partners has closed its third institutional investment fund with $450 million of committed capital. New State’s newest fund was over-subscribed and closed at its hard cap after just four months of fundraising. Limited partners in Fund III include public and private pension funds, consultants, endowments, foundations, funds of funds, and… Read More
Kinderhook Adds to Circon
Circon Environmental, a portfolio company of Kinderhook Industries, has acquired Water Integrated Treatment Systems (WITS). WITS is a provider of non-hazardous liquid waste treatment, transportation, and testing services to companies operating in the automotive, chemical, food and beverage, oil and gas, and utility sectors. The company was founded in 2015… Read More
Private Equity Professional has been serving the private equity industry since 2007 and is published by Sun Business Media, LLC. Questions, comments or complaints? Call our publisher John McNulty at 847-868-8807 or email him at John@peprofessional.com.